AMD is a company that has been strapped for cash lately. In late April, the Sunnyvale, CA based company announced that it would offer
Convertible Senior Notes to raise around $2.2 billion USD. AMD set a conversion
point of $42.12 USD per share at a time when its stock price was $14 USD.

The company's efforts to raise more cash have intensified
even further. Yesterday, AMD priced an additional $1.5 billion USD in
Convertible Senior Notes at a conversion point of $20.13 USD per share. The
conversion price represents a 50 percent premium over AMD's $13.42 USD stock price
at close of day on August 8.